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Alternative Energy

Industry Outlook

According to the EIA, U.S. energy consumption of all types is expected to increase overall through 2040. Transportation energy use, however, is expected to decline somewhat, reversing a historical trend of annual growth, due to more fuel-efficient vehicles and higher fuel economy standards. Energy use in other transportation sectors, such as air and marine travel and transport, are projected to grow steadily. Industrial energy consumption will also expand in the coming years. Modest growth is expected for commercial and residential energy consumption as well.

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